Future is product of preferences made today.

Investoshashtra !!!📜📜📜
इनवेस्टोशास्त्र !!!📜📜📜

Recently we conducted an Investor awareness program for investors of our association members. We had a capacity of 500 pax.

We invited India's renowned speaker Mr.Krishan Sharma and event was organised at one of the best venue i.e. INOX, Vadodara with food.

Only guests who confirmed their availability, were invited. To take care of last moment cancellation due to some emergencies or unavoidable situation we distributed additional 7% invites.

Each one of us worked really hard to ensure it's packed to capacity.

But to our surprise only 65% of investor turned up out of total invitees.

*I was wondering if we had invited similar no. of guests at same venue for screening of movie _"Badhai ho"_ which was running in adjacent screen, I am sure situation would have been totally different."*

First of all we would have got full capacity by may be calling only 700 pax instead of making over 3000 calls. Secondly, provisioning of 7% for last moment cancellation had to be brought down to 1-2%.

We all want to have entertainment in life so nothing wrong with it.But awareness, knowledge and preparing for future is equally important..

I, always believe majority of Investor's considers financial planning as last priority. Amongst few who are conscious they also have big gap in decision making and implementation or may be goes out of their focus in few years.

*Remember "Future is not decided by how much we earn, but by how we manage it."*

*This weekend give a serious thought and make financial planning atleast your 4rth preference in life.(After may be job, family and entertainment).*

Regards,
Raj Talati
www.rajtalati-abminvestment.blogspot.com

Hard work smart work

Investoshashtra !!!📜📜📜
इनवेस्टोशास्त्र !!!📜📜📜

Since my childhood, I was a bit chubby and worked really hard to come in a perfect shape😉.

The best thing which helped me is brisk walking. But was never satisfied and started running, Inspite being Asthamatic.I presumed that exercise means perspire, exhert and to get tired or exhaust.

Yoga changed my perception of fitness. Fitness is not too much of physical exhertion. Pranayam and yoga with proper knowledge of inhalation, hold and exhalation of breath can give much better result without force or strain.

Specially, in 40's running or gymming may cause more harm then to help, resulting in problems related to back or knee.

So, it is not essential for achieving anything only way is to hard work, *But smart work can get better results with minimum strain.*

Many a times investor also over work on their Investments. Planning for retirement and checking portfolio daily or weekly doesn't result in anything more then to damage it. *Investment also requires right mix of inhalation (accumulation), hold(gestation) and exhalation (distribution) to have healthy financial life.*

So, try not to exhert and smartly achieve desired goals.

Regards,
Raj Talati
www.rajtalati-abminvestment.blogspot.com

We are humans not computers.

Investoshashtra !!!📜📜📜
इनवेस्टोशास्त्र !!!📜📜📜

Every person in our life whether it's our life partner, busineas partner, friend or family have some distinctive qualities which bonds our relationship.

Why is it that later on, we start expecting them to be perfect or to be the way we want. Every individual in this world is unique and none of them is perfect. So why don't we accept them the way they are.

On a lighter note the way Raj of DDLJ says "मुझे तो कोई एक लड़की पसंद आ ही नही सकती....अब किसी की आंखे अच्छी है, तो किसी की नाक अच्छी है, किसी के होठ अच्छे है तो किसी के कान"! It's a different issue that even he understands mistake and settles for one at the end.😉

Born in computer age, makes me think that our brain is also getting programmed like computers. The way computer understands only 2 outcomes (binary language) i.e. 0 (wrong) and 1(right), we are also expecting our relationships to be only (1) perfect.

But life doesn't come with only 2 outcomes and *individuals are not computers.* _There are some good things in everyone to cherish about and not so good things to ignore._

Even investing is about understanding distinctive quality of each and every asset class.

Nothing wrong in investing in Gold, FD,  PPF, NPS, Debt, Equity or Real estate.

Why would you invest in equity at the age of 75, when you can comfortably live remaining years without affecting your blood pressure jump due to sudden fall in markets.

Every asset class has it's own merits as well as demerit. So understand asset classes and make a winning team by combining them.

So listen to this Raj😉 and go beyond 0 and 1 in analysing your investments or personal relationships.

Have a wonderful weekend.

Regards,
Raj Talati
www.rajtalati-abminvestment.blogspot.com

Investment is not buying Vehicle

Investoshashtra !!! 📜📜📜
ईनवेस्टोशाष्त्र !!! 📜📜📜

This week we decided to buy new vehicle for my wife.

Since then only thing we can see around is different vehicle options, color and look.Even while riding on road or standing on signal instead of looking at  the beautiful girl standing besides me, I was lookng at her vehicle😉😉.

I was surprised by my behaviour, untill last week inspite of everything being same it was non existent for me, and after 2-3 months of buying the vehicle everything again will be non existent for me. Rather I would be list concerned with even color, model or brand WE BOUGHT.

It reminds me of investors who invests on their own and falls prey to such behaviour.

Whenever they have surplus money just invest looking at what everyone else is investing in or most fancied product or asset class in the market. They forget purpose of investment and in many a cases even purpose is undecided.

But investment is not like buying a vehicle, TV, refrigerator or Home theatre. It is like growing a plant, it needs regular care, watering, nurturing and  even trimming as and when required.

So it's always better to have a good financial gardener who will help and nurture to blossom garden of your Life.

Have a blooming weekend.

Regards,
Raj Talati
www.rajtalati-abminvestment.blogspot.com

This investment makes us Stupid

Investoshashtra !!! 📜📜📜
ईनवेस्टोशाष्त्र !!! 📜📜📜

Recently while reviewing portfolio of a new investor, I recommended him to surrender high premium traditional insurance plans.

But the problem is inspite of paying premium for 3 years he is not getting even 40% as surrender value. So instead of surrendering he wishes to continue with it for the full term.

In behavioral finance we call it "Sunk cost fallacy".

For example :
-‌I wish to take a gym membership but can't. Reason, I bought a treadmill 6 months back which I hardly use.
-‌Keep watching a pathetic movie till end which costed your pocket 500 bucks or overeating at a restaurant as you ordered more just to get money worth.

We always live with a misconception that we make rational decisions based on the future value of objects, investments and experiences.

But the fact is our decisions are tainted by the emotional investments we accumulate.More you invest in something the harder it becomes to abandon.

Sunk cost fallacy makes us stupid.

Try and get rid of sunk cost fallacy in your investments for a better financial future.

Regards,
Raj Talati
www.rajtalati-abmimvestment.blogspot.com